High premium can be paid to take policies for critical illness and individual accidents.

The members of the employee family are also covered.

Things to remember:

Generally, employees tend to thing a group policy would suffice. But always analyze the facts like the policy amount, will it be enough. Check if it is enough for the whole family if taken for the family.

Also be aware of the exceptions and limitations.

Insurance stays in vogue only as long as the employment with the company is maintained and family is no longer covered once he exits from the company. Since the employee is obviously older at exiting than at joining, it may become a costlier affair to take a policy at the time of exit from the company.

Generally group health policies have limits and may not be enough if you have kids or elders in the family.

So, keeping all the above in mind, it is prudent to have a comprehensive individual health policy even though you have a group health policy.

There is exemption up to 1.5 lakhs for premiums paid under health policy under section 80C